Tanzania aims to start a licensing round for dozens of oil and gas exploration blocks in May, the first in more than a decade for the nation with an estimated 57 trillion cubic feet of natural gas reserves.
The US energy industry faces $560 million in fines this year for continuing methane leaks, according to Environmental Protection Agency projections, though the amount is forecast to fall thereafter as companies fix leaks and adjust production processes. Critics say the overall cost of complying with the regulation would likely be much higher.
Trafigura Group’s head of oil trading Ben Luckock has named U.S. foreign policy towards Iran as the biggest upside risk to crude prices in an otherwise well-supplied market.
Crude oil inventories in the United States saw a decrease of 2.3 million barrels during the week ending February 21, according to new data from the U.S. Energy Information Administration released on Wednesday.
Last week, U.S. President Donald Trump unveiled the National Energy Dominance Council that is tasked with enhancing America’s energy security and cutting reliance on foreign entities.
Trinidad and Tobago plans to request an extension from the Trump administration for a US licence allowing Shell and National Gas Company of Trinidad and Tobago Limited (NGC) to develop Venezuela’s Dragon gas project, Reuters reported on Tuesday.
ADNOC has signed a sales and purchase agreement with Japanese utility Osaka Gas under which it will supply up to 800,000 tonnes per year (tpy) of LNG over 15 years, ADNOC announced on Thursday.
Petrobras announced 9.1 billion reais ($1.6 billion) in dividends on Wednesday that trailed estimates after a surprise loss in the fourth quarter.
Oxford Flow has secured an order valued at nearly $1 million USD for its ES stemless axial flow valves. The order from bp is a significant milestone in Oxford Flow’s expansion in the U.S market, and marks the company’s largest order to date.
American Petroleum Institute (API) President and CEO Mike Sommers addressed the Economic Club of Pittsburgh where he discussed rising electricity demand driven by the artificial intelligence (AI) revolution and detailed policy solutions for the Trump administration and new Congress to power America’s energy future.